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Random Lake board approves 2025 audit; auditor to capitalize park-plaza account
Summary
KerberRose presented the 2025 audited financials; the board approved the audit 5-0 and the auditor said staff and the firm will work to capitalize a park plaza liability for 2026 and will provide a proposal for accrual services.
KerberRose auditor Greg Patel presented the Management Letter and audited financial statements for the fiscal year 2025 and answered questions from residents and trustees. Resident Staci Schluechtermann raised why park plaza funds were listed in a liability account; Patel said the auditors and staff will work to capitalize that account for 2026.
Trustee Dave Borchardt asked whether KerberRose could provide accrual accounting services to the village; Patel said he will prepare a proposal and work with village staff on the scope. Trustee Borchardt moved to approve the audit as submitted; Trustee Barbara Ruege seconded and the motion carried 5-0. The board took no further action on other audit recommendations at this meeting.
